With Djokovic out, it’s Murray’s to win and Paddy Power are getting in the action. They’ve enhanced Andy Murray to win gold at Rio 2016 from evens to a tasty 6/4! Translated into matched betting terms, this gives us a guaranteed profit of £4.02 and here’s how…
The maximum stake for this price boost is £20.00.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £24.51…
Place £20.00 on Andy Murray @ 2.50 = Potential profit of £30.00
Lay £24.51 on Andy Murray @ 2.06 = Potential liability of £25.98
Let’s have a look at our profit/loss for the two potential outcomes…
| Andy Murray wins | + £30.00 – £25.98 = £4.02 profit |
| Andy Murray doesn’t win | – £20.00 + £24.02 (£24.51 minus 2% commission) = £4.02 profit |
So, regardless of who wins the tournament, we’ll make a guaranteed profit of £4.02 on this Paddy Power offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.